In Cit v. Essar Teleholdings Ltd. (2018) 90 Taxmann.com, the High Court (2022) decided the matter.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
MEERAMAHESHJADHAV
Digitallysigned by1/1MEERAMAHESHJADHAVDate:2022.02.04 IN THE HIGH COURT OF JUDICATURE AT BOMBAY11:35:05+0530ORDINARY ORIGINAL CIVIL JURISDICTIONINCOME TAX APPEAL NO.55 OF 2018
Pr. Commissioner of Income Tax -1….Appellant
V/s.Forbes & Company Ltd.
…Respondent
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Mr. Suresh Kumar for Appellant
Mr. Paras Savla a/w Mr. Pratik Poddar i/b Mr. Atul K. Jasani for Respondent
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CORAM : K.R. SHRIRAM &N.J. JAMADAR, JJ DATED : 2[nd] FEBRUARY 2022
P.C. :
1Mr. Savla counsel for respondent tenders a compilation of judgments
and submits that all proposed substantial questions of law are covered by
the following 5 judgments:
1. CIT Vs. Essar Teleholdings Ltd. (2018) 90 taxmann.com
2 (SC)
2. Godrej & Boyce Manufacturing Co. Ltd. Vs. DCIT (2017)18 taxmann.com 111 (SC)
3. CIT Vs. Hindustan Organics Chemicals Ltd. (2014) 48taxmann.com 421 (Bom).
4. CIT Vs. Ghatge Patil Transports Ltd. (2015) 53taxmann.com 141 (Bom)
5. T.R.F. Ltd. Vs. CIT (2010) 190 Taxman 391 (SC)
2Mr. Suresh Kumar in fairness did not disagree.
3Therefore, Appeal disposed.
(N. J. JAMADAR, J.)
(K.R. SHRIRAM, J.)
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